SELECT * FROM conferences_en WHERE nom_CR_conf='Results_of_California_s_2nd_Cap_and_Trade_Auction'

Results and Insights from California's 2nd Cap and Trade Auction

Wednesday, April 10th, 2013, 11:00am - 2:00pm PDT / Streamed Panel Discussion: 11:30am -1:30pm PDT / 2:30pm - 4:30pm EDT / 20:30 - 22:30 (Paris)

Meeting in San Francisco

The California Air Resources Board (CARB) held the second quarterly Cap and Trade Carbon auction on February 19th, which revealed growing demand for Carbon emission allowances.  All 12.9 million allowances for use in 2013 were sold, at a clearing price of $13.62 per metric ton ($2.91 above the reserve price).  This was up from the $10.09 price for 2013 allowances, the clearing price at the first auction on November 14th.  Agrion’s December 12th expert panel discussion, “Lessons Learned from California’s First Cap and Trade Auction”, addressed many of the critical issues related to the first auction.

 

This second panel discussion will begin with a review of the second quarterly auction results and implications.  Some of the subsequent questions which our panel will address include:

  •  What impact did the accidental purchase of $16 million worth of allowances by a bidder in the first auction have on the results, and credibility, of the CARB auction system?
  • How did CARB avoid this problem in the second auction?
  • While this auction successfully sold all of the nearly 13 million carbon permits it offered to cover emissions for this year, less than  half of the approximately 9.6 million permits offered to cover 2016 emissions were sold, and at the lowest authorized price ($10.71 per metric ton). Is this modest demand due to the ongoing lawsuit from the Chamber of Commerce, which claims CARB lacks the legal right to raise revenue through the auctions?
  • What are the similarities and differences between the CARB auction system and the EU’s Emissions Trading Scheme, which experienced a roughly 50% carbon price decline in 2012?
  • Can the CARB auction system avoid unwanted price fluctuations  caused by participants seeking to “game” the system?
  • What is the system’s vulnerability to impacted industry choosing to locate outside California in order to avoid paying for carbon emissions?
  • What are the leading options for allocation of Cap and Trade revenues?
  • What are the expectations for the next quarterly auction (on May 16)?

 

 

 

Attendees list
68 people will attend this meeting, among them
Will attend in person Via streaming
University of Edinburgh
Environmental Scientist
Patagonia Financial Holdings
Director of Investments
C3 Energy
Director
firstCarbon solutions
vice president
Legg Mason Investment Counse
Head of Social Research
California Street Light Asso
Executive Director
California Senate
District Representative
Market Potential, Inc.
CEO
Reuters
Correspondent
ARCADIS US Inc
Senior Environmental Engineer
Alta
Vice President
Manatt, Phelps & Phillips, L
Senior Advisor
SMUD
Principle Demand Side Specialist
Praxair, Inc.
Environmental Specialist
air resources board
air pollution specialist
E3
Consultant
Sierra Nevada Alliance
Program Associate
WZI Inc.
Vice president
CFSF
Managing Director
SDG&E
Energy Administrator
San Francisco Public Utiliti
Regulatory Specialist
Ashworth Leininger Group
Environmental Scientist
National Energy Solutions, L
Partner
PricewaterhouseCoopers
Manager
Pacific Gas & Electric Co. (
Principal, Portfolio Management
AECOM
Sustainable Economist
SunPower
Director of Business Development
North Coast Solar
President
BofAML
Alternative Energy Analyst
NEDO Silicon Valley Office
Policy & Industrial Researcher
Resource Media
Managing Program Director
RSG
Director
DNV KEMA
Sustainability Professional
Linden Energy
Principal Consultant
Sacramento River Watershed P
Executive Director
Michael Kent & Associates
Principal
Energy Management Services
Pricipal
Federal Energy Regulatory Co
Energy Industry Analyst
Sonoma Green Business Progra
Program Coordinator
Jackson Family Wines
Sustainability Program Manager
Upsolar
Sales Operations Specialist
PY Matlock Consulting
Consultant
Four Twenty Seven
Managing Director
CMEA Capital
Principal
KRCD
Deputy General Manager
Praxair, Inc.
Vice President
Environmental Defense Fund
Staff Attorney
PricewaterhouseCoopers LLP
Senior Associate
Pillsbury Winthrop Shaw Pitt
Partner
PG&E
Manager of Cap and Trade Implementation
Caltech
Director Sustainability Programs
CFK
Shareholder
Analytical Enviornmental Ser
Associate
Advanced Energy Economy (AEE
Director, State Policy
Environmental Defense Fund
Senior Manager, Climate & Air Program
Southern California Edison
Emissions Trader
ecoPartners LLC
Program Associate
Stanford Graduate School of
MBA
Pillsbury Winthrop Shaw Pitt
Associate
WECC
President & CEO
San Francisco Dept of the En
Director, Residential Energy Efficiency
Thomson Reuters Point Carbon
Emerging Markets Manager
The Prasino Group
VP Strategic Development
Det Norske Veritas
Business Development Manager
Glide Cruisers, USA
CEO
WZI Inc.
Project Manager
Climate Markets & Investment
North America Lead, International Policy Associate
Kennedy/Jenks Consultants
Director of Energy Services
See the report & presentations
Speakers
Millene Hahm
Pacific Gas & Electric Co. (PG&E)
Principal, Portfolio Management
Erin Craig
TerraPass
CEO
Andy Van Horn
Van Horn Consulting
Managing Director
Moderators
Bill Sloan
Morrison & Foerster
Partner